DnB Asset Management AS increased its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 29.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,485 shares of the credit services provider's stock after purchasing an additional 34,378 shares during the period. DnB Asset Management AS owned about 0.18% of Oaktree Specialty Lending worth $2,315,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Canton Hathaway LLC bought a new stake in Oaktree Specialty Lending in the 4th quarter valued at $44,000. Spire Wealth Management acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter valued at about $68,000. Geneos Wealth Management Inc. bought a new stake in Oaktree Specialty Lending in the fourth quarter valued at about $93,000. SG Americas Securities LLC acquired a new position in Oaktree Specialty Lending in the fourth quarter worth about $106,000. Finally, EMC Capital Management lifted its stake in Oaktree Specialty Lending by 53.2% during the fourth quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock worth $133,000 after purchasing an additional 3,026 shares during the period. 36.79% of the stock is currently owned by institutional investors and hedge funds.
Oaktree Specialty Lending Price Performance
NASDAQ OCSL traded down $0.29 during trading hours on Thursday, reaching $15.03. 683,224 shares of the company's stock were exchanged, compared to its average volume of 713,808. The firm has a fifty day moving average of $15.75 and a 200-day moving average of $15.85. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Co. has a one year low of $14.89 and a one year high of $19.95. The stock has a market cap of $1.24 billion, a PE ratio of 22.43 and a beta of 1.05.
Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The company had revenue of $86.65 million for the quarter, compared to analysts' expectations of $91.93 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. The business's revenue for the quarter was down 11.6% on a year-over-year basis. On average, equities research analysts predict that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current fiscal year.
Oaktree Specialty Lending Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.65%. The ex-dividend date of this dividend was Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio is presently 238.81%.
Wall Street Analysts Forecast Growth
OCSL has been the topic of several analyst reports. StockNews.com upgraded Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research note on Wednesday, December 18th. B. Riley lowered Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 price target on the stock. in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $16.75.
View Our Latest Analysis on Oaktree Specialty Lending
Oaktree Specialty Lending Company Profile
(
Free Report)
Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies.
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